7 Places Where the Wealthy Hide Their Money

7 Places Where the Wealthy Hide Their Money

Delaware

Population: 917,092    GDP: $62 billion

 

Tax incentives: Low taxes and essentially no requirements for creating a corporation, making it easy to set up a shell company with "no employees, no assets and, in fact, no real business to speak of," according to The New York Times.

 

Foreign cash: Delaware is actually home to more corporations (945,326) than people. The Delaware Division of Corporations boasts that the state is home to more than 50 percent of U.S. publicly traded companies and 64 percent of the Fortune 500.

 

Famous "resident": Viktor Bout, the Russian arms smuggler known as the "merchant of death," who was sentenced to 25 years in prison on terrorism charges, had two Delaware addresses, according toThe New York Times.

 

This story by Keith Wagstaff originally appeared at TheWeek.com. More from TheWeek.com:

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